Banking & Finance

Indexes down yet again

Released at: 18:11, 21/07/2016 Stock Market Watch

Photo: TVSI

Falls recorded on all indexes for second day in a row on July 21.

by Hung Khanh

All indexes on Vietnam’s stock market lost ground again on July 21. On HSX the VN-Index fell 0.69 points (0.1 per cent) and the VN30-Index 1.99 points (0.31 per cent) while on HNX the HNX-Index closed down 0.85 points (1 per cent) and the HNX30-Index 1.89 points (1.22 per cent).

Liquidity on HNX reached VND530 billion ($23.76 million), up 4 per cent against yesterday, and on HSX was VND2.1 trillion ($94.16 million), down 1 per cent.

The VN-Index fluctuated throughout the day, opening at 660.26 points before falling to its lowest point of the day at 656.31 points then rallying to close at 659.48 points. Early in the afternoon it fell to 658.78 points before increasing to a peak of 665.75 points then falling to 661.40 points. It soon recovered to 662.41 points before closing at 659.57 points.

VNM had the most influence on the VN-Index, falling 0.6 per cent.

Among large banking shares on HSX, VCB was up 0.9 per cent while CTG and BID closed at their opening price. Among smaller banking caps, STB and MBB increased 0.89 per cent and 0.66 per cent, respectively, while EIB closed down 2.54 per cent.

In oil and gas, PGD was up 1.3 per cent and GAS 0.8 per cent, CNG was down 0.76 per cent, and ASP closed at its opening price.

Other increasing large caps on HSX included VIC, MSN and HPG, by 1 per cent, 0.7 per cent and 0.2 per cent, respectively.

On HNX, VCG, ACB and NTP fell 2 per cent, 1.1 per cent and 0.2 per cent, respectively, and SHB and CHP closed at their opening price. Increasing large caps included PHP, by 1 per cent, PVS 0.6 per cent, PVI 0.4 per cent and VCS 0.1 per cent.